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20121001
20121009
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CNBC 10
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English 10
Search Results 0 to 9 of about 10 (some duplicates have been removed)
CNBC
Oct 5, 2012 1:00pm EDT
warning those workers. here's the federal law and what it says. it says that companies with 100 or more workers must provide 60 days notice before mass layoffs or plant closings, or those workers can get up to 60 days of back pay if they are not notified. the republicans are crying foul and eamon javers picks under the story. >> reporter: here's what the omb said in late september -- it is neither necessary or appropriate for federal contractors to provide warn act notice to employees 60 days in advance of the potential sequestration because of the uncertainty about whether sequestration will occur. i've toualked to employees at t white house and omb about this question. their idea is this -- first of all, there's uncertainty about the fiscal cliff itself, whether it is actually going to happen or not. they say that the warn act is only required for those planning specific cutbacks and specific plant closings and they say since the employers in this case federal contractors don't know that sequestration is going to happen, therefore they don't have any specific information. and also the
CNBC
Oct 2, 2012 9:00pm EDT
't they know? >> yeah. >> because federal law doesn't give them the jurisdiction to find out. >> that story and more when 60 minutes on cnbc returns. [ticking] up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensin
CNBC
Oct 5, 2012 12:00pm EDT
a jobs on another front. some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in london that his country doesn't need a bailout. he was speaking to students at london school of economics and they chuckled at that. nevertheless the euro moving above 1.35 versus u.s. dollar. boris, good to see you. what do you make of the situation with the euro, with merkel going to greece next week, walking in to the lion's den. messy day. >> yes. but i think ultimately what you have to take away from this week is when draghi came out and said don't mess with me. basically there's a coalescing of ideas in the eurozone now around the ont and esm where most of the european key
CNBC
Oct 8, 2012 2:00pm EDT
helped draft laws that help their companies or industries. voters are talking more and more about crony capitalism. to be fair, members of congress aren't doing as well as the rest of the millionaires. there are fewer millionaires in congress than there were eight years ago and 1 in 5 is worth less than they were in 2006. steny hoyer, for instance, lost 97% of his wealth even as his power in d.c. was growing. american millionaires have gotten most of their wealth back and the population of millionaires is also back. i should also add that many members of congress are wealthy because they started companies before joining politics. and to be fair, many of their spouses also made a lot of money and have little to do with politics. still, many say the laws in d.c. need to be tighter to prevent the rich and powerful from getting even more rich. >> there is a reason why 7 of america's 10 weltiest counties are now in the halo of washington, d.c. but what do we know the line between absolute ethical violation and just good timing really? >> right now the laws are really about disclosure. there'
CNBC
Oct 2, 2012 9:00am EDT
of america decided to take the money. then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put
CNBC
Oct 1, 2012 2:00pm EDT
-convention. >> i'm worried about something a little more macro, sheryl. forget about health care reform law. tenet was a $20 stock eight years ago. hca came, went, now came back, community health has had issues. they seem to have a lot of other problems which makes me nervous to invest in them. >> well, look. being in the hospital business is an extraordinarily difficult business to begin with. you're taking care of patients on a daily basis. you've got doctors who aren't necessarily your employers. you can't control them. >> they're sued by everybody constantly. >> absolutely. and congress is always looking at hospitals as a source of funds for all their other problems. so it is really not easy to be a hospital company, and it is especially not easy today when the only bipartisan issue it seems in congress is the willingness to investigate and prosecute medicare fraud. so there's an awful lot going on in this industry that's -- that are risks. but the market's really, really good at discounting risks these days. it's not been so good especially as far as health care services is concerned at disco
CNBC
Oct 5, 2012 6:00am EDT
. the current law doesn't do very much explicitly about health care costs. eventually somebody will have to reduce the volume of services or reduce the price of services. >> so what are you telling investors, buy hospital stocks, don't buy hospital stocks, by the good ones? how do the insurance companies fair? >> insurance companies win almost no matter what happens. so that's fine. >> there's medicaid advantage. >> right, medicaid, medicare. >> is there a head k medicaid advantage? >> medicaid hmos lose it if obamacare gets repealed because they're going to expand medicaid, as well. >> expand it greatly. and it's not block grants. a federal expansion. so what's your favorite stocks? >> my favorite stocks are the ones that are not that impacted by federal policy. united health, intuitive surgical. genetic analysis companies do well. but not completely unrelated to reform. and you can always go outside the u.s., too, if you want. so i guess you're not moving to france if about obama wins. >> alec baldwin didn't move, i'm not moving. we say things when we're upset and then we don't really
CNBC
Oct 1, 2012 9:00am EDT
by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to talk about it. thanks. >> i would love to. >> don't forget to watch the coverage of the fi
CNBC
Oct 8, 2012 9:00am EDT
violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it's not just in technology. it's in other areas of business where intellectual prope
Search Results 0 to 9 of about 10 (some duplicates have been removed)